Consob terminats six scam broker websites

Italian Consob orders black-out of five illegal financial services providers

The Italian watchdog Consob is currently the only financial market regulator known to us that has the legal authority to order internet providers to black-out of illegal financial sites. The legal basis for this is the “Growth Decree” law passed in June 2019. Including the five new black-out orders, Consob has already blocked 335 websites for the Italian market. Almost all blocked sites offer illegal broker services.

Below are the sites Consob has ordered to be blacked out:

The number of sites blacked out since July 2019, when Consob was granted the legal authority to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 335.

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